Section 1. Section 3001, Chapter 30, Title 30, Delaware Code, is amended by striking the paragraph beginning with the words, "purchase price" and substituting in lieu thereof the following:

"purchase price" means the value or any other consideration given by the owner to the seller for a motor vehicle; where trade-ins or allowances are given in conjunction with the purchase of any motor vehicle the purchase price shall be the gross purchase price less any trade-in or allowance given by the seller of the motor vehicle to the owner of the motor vehicle; except that where a motor vehicle having been bought and registered outside the State and not subject to the limitation of Section 3002 (a) (4) of this Title, is first registered and titled in this State, "purchase price" shall mean the fair market value as of the date of such titling and registration.

Section 2. Paragraph (4), subsection (a) of Section 3002, Chapter 30, Title 30, Delaware Code, is amended by striking such section in its entirety and substituting in lieu thereof the following:

"(4) Motor vehicles, truck tractors, trailers or motorcycles which are bought by the owner and registered outside the State and then are subsequently registered or titled within the State pursuant to Section 2102 of Title 21; provided, such owner had paid to such other state a sales tax, transfer tax or some similar levy on the purchase of such motor vehicles, truck tractors, trailers or motorcycles within 90 days prior to registration or titling in this State."